TriNet Group, Inc. (NYSE:TNET) Declares Dividend Increase – $0.29 Per Share

TriNet Group, Inc. (NYSE:TNET) declared a quarterly dividend on Thursday, March 19th. Shareholders of record on Wednesday, April 1st will be paid a dividend of 0.29 per share by the business services provider on Monday, April 27th. This represents a c) dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Wednesday, April 1st. This is a 5.5% increase from TriNet Group’s previous quarterly dividend of $0.28.

TriNet Group has a payout ratio of 22.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect TriNet Group to earn $3.50 per share next year, which means the company should continue to be able to cover its $1.10 annual dividend with an expected future payout ratio of 31.4%.

TriNet Group Stock Performance

NYSE TNET opened at $36.90 on Friday. The company has a debt-to-equity ratio of 16.57, a current ratio of 1.09 and a quick ratio of 1.09. The stock’s 50 day simple moving average is $48.26 and its 200-day simple moving average is $57.00. The company has a market cap of $1.75 billion, a PE ratio of 11.68 and a beta of 0.86. TriNet Group has a 1-year low of $33.60 and a 1-year high of $88.56.

TriNet Group (NYSE:TNET) last posted its quarterly earnings data on Thursday, February 12th. The business services provider reported $0.46 EPS for the quarter, beating the consensus estimate of $0.37 by $0.09. The firm had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $251.57 million. TriNet Group had a return on equity of 215.01% and a net margin of 3.09%.The firm’s revenue was down 2.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.44 EPS. TriNet Group has set its FY 2026 guidance at 3.700-4.700 EPS. As a group, equities research analysts anticipate that TriNet Group will post 3.04 EPS for the current fiscal year.

Insider Buying and Selling

In other TriNet Group news, SVP Sidney A. Majalya sold 775 shares of the business’s stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $61.86, for a total value of $47,941.50. Following the transaction, the senior vice president directly owned 19,853 shares in the company, valued at $1,228,106.58. The trade was a 3.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 38.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Universal Beteiligungs und Servicegesellschaft mbH increased its stake in TriNet Group by 3.2% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 5,894 shares of the business services provider’s stock worth $350,000 after acquiring an additional 185 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of TriNet Group by 45.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 646 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 201 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in shares of TriNet Group by 4.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 4,672 shares of the business services provider’s stock worth $313,000 after purchasing an additional 216 shares during the period. Caitong International Asset Management Co. Ltd increased its position in shares of TriNet Group by 160.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 479 shares of the business services provider’s stock worth $28,000 after purchasing an additional 295 shares during the last quarter. Finally, Quantinno Capital Management LP raised its holdings in TriNet Group by 5.9% in the 2nd quarter. Quantinno Capital Management LP now owns 5,652 shares of the business services provider’s stock valued at $413,000 after buying an additional 317 shares during the period. 96.81% of the stock is currently owned by hedge funds and other institutional investors.

About TriNet Group

TriNet Group, Inc is a leading professional employer organization (PEO) that offers integrated human capital management solutions to small and medium-size businesses. Through a bundled suite of services, TriNet manages payroll administration, employee benefits, workers’ compensation, risk mitigation and federal and state compliance. Its cloud-based platform provides clients with centralized access to HR tools, analytics and streamlined workforce management capabilities.

Founded in 1988 and headquartered in Dublin, California, TriNet has grown to support thousands of organizations across the United States.